Following are selected accounts for Procter & Gamble. (a) Indicate whether each account appears on the...
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Following are selected accounts for Procter & Gamble. (a) Indicate whether each account appears on the balance sheet (B) or income statement (1). ($ millions) Sales Accumulated depreciation Depreciation expense Retained earnings Net income Property, plant & equipment, net Accounts receivable Selling, general & administrative expense Total liabilities Stockholders' equity Amount Classification $43,373 10,438 1,703 11,686 5,186 13,104 3,038 13,009 27,520 16,186 (b) Using the data, compute total assets and total expenses. Total Assets = $ Total Expenses = $ <> (> ( ( O Following are selected accounts for Procter & Gamble. (a) Indicate whether each account appears on the balance sheet (B) or income statement (1). ($ millions) Sales Accumulated depreciation Depreciation expense Retained earnings Net income Property, plant & equipment, net Accounts receivable Selling, general & administrative expense Total liabilities Stockholders' equity Amount Classification $43,373 10,438 1,703 11,686 5,186 13,104 3,038 13,009 27,520 16,186 (b) Using the data, compute total assets and total expenses. Total Assets = $ Total Expenses = $ <> (> ( ( O
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a Classification of accounts Sales I Income statement Accumulated depreciation B Balan... View the full answer
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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